IN THE INDUSTRY
Harnessing Data To Unlock New Energy Solutions
ExxonMobil is rolling out a project that will enable it to collect all operating data from its refineries and chemical plants—up to 1 billion bits per minute—into a high-performing computing environment.
BP Invests in New Artificial Intelligence Technology
BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence and digital capabilities in its upstream business.
Digital Technologies Enable Methane-Reduction Efforts at Scale
The deployment and adoption of digital technologies across the oil and gas value chain could help scale the effect of the industry’s methane-reduction efforts, finds a new report.
Digital Transformation Is Changing the Face of Visual Inspection
As we move to digitize our visual inspections with a variety of image-capture devices, fully understanding the strengths and limitations of the approach is important to move truly from a qualitative to a quantitative assessment with confidence.
Statistics: P Values Are Just the Tip of the Iceberg
Ridding science of shoddy statistics will require scrutiny of every step, not merely the last one.
Machine Learning vs. Data Science: What's the Difference?
When you think of “data science” and “machine learning,” do the two terms blur together? This article will clarify some important and often-overlooked distinctions between the two to help better focus learning and hiring.
How To Find the Right Data System for Equipment Inspections
Inspection data management system software can help companies bolster their mechanical integrity programs, but choosing the wrong software can have a lasting impact on a company’s operations. So, what goes into finding the right software for your needs?
Companies Are Failing in Their Efforts To Become Data-Driven
Leading corporations seem to be failing in their efforts to become data-driven. This is a central and alarming finding of NewVantage Partners’ 2019 Big Data and AI Executive Survey.
As Expectations Grow, Data Analytics Faces Hurdles
Expectations from data analytics in the upstream sector continue to evolve. Although the number and diversity of applications continue to increase, the adoption at the assetwide level faces well-known barriers and challenges.
How AI Can Help Solve Some of Humanity’s Greatest Challenges—and Why We Might Fail
In 2015, the United Nations ratified the 2030 Sustainable Development Goals. Technology will be critical in the pursuit of these ambitious targets, but the pace and scale of change creates risks that humanity must take very seriously.
Analysis of 16,625 Papers Points to the Future of AI
A study of 25 years of artificial-intelligence research suggests the era of deep learning may come to an end.
Industrial Internet of Things Can Improve Profitability and Integrity Management
For too long, owner-operators have managed operational profitability using paper-based processes or monthly reporting cycles. In the new technological climate, this approach has been proven to be less effective. Enter the industrial Internet of things.
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Upcoming Data Workshops
SPE conducts a wide range of events throughout the world on various topics within the upstream oil and gas industry. Click here to view the upcoming workshops designed around data science and digital engineering.